TAGUniversal Entertainment Corp.
Universal Entertainment Corp is a Japan-based company mainly engaged in the development, manufacture and sale of gaming machines, as well as the integrated resort (IR) business and media content business. The Company operates through two business segments. The Gaming Machine business is involved in the research, development, manufacture and sale of pachislot machines, pachinko machines and peripheral equipment. The IR business operates casinos, hotels, restaurants, retail & leasing, entertainment and real estate development in the Philippines. The Company is also involved in the media content business.
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India’s Delta Corp casino revenue up 7.2% in financial year ending in March
Indian casino operator Delta Corp announced that its casino revenue grew from $65.3 million to $70 million in the financial year ended March 31st.
Kangwon Land reports 1Q24 net income growth of 26% q-o-q
South Korea’s Kangwon Land has reported net income of $68 million for 1Q24, a 26 percent increase from 4Q23, but down 8.5 percent sequentially.
UAE IR project investment could reach $900M, Thailand under analysis: Wynn CEO
Wynn Resorts' Chief Executive Officer, Craig Billings, revealed recently that the group's Wynn Al Marjan project in the UAE should absorb almost $900 million in investment. As for Thailand, the group is "actively" considering possible greenfield development opportunities and observing the development of its future gaming regulatory framework.
Wynn CFO: Capital expenditure could reach $500M by 2025-end
The CAPEX related to Wynn Macau‘s concession commitments could range between $350 million and $500 million in total between 2024 and the end of 2025, according to the group's CFO.
Japan’s top law firms assist Osaka IR’s with $3.4B loan from bank consortium
Osaka's integrated resort developer consortium has secured a $3.4 billion loan from a bank consortium, to further the development of the country's first casino.
DigiPlus’ net income grows 358% in 1Q24 to $35M
Philippine retail gaming provider DigiPlus Interactive Corp posted a net income of $35 million in the first quarter of the year, marking a 358 percent increase from 2023.
Philippines Telco Globe blocks over 1K illegal gambling sites in 1Q24
The Philippines is stepping up efforts to block illegal gambling sites, with Telecoms firm Globe alone blocking 1,345 domains in its network in 1Q24.
Wynn Macau revenues hit nearly $1 billion in 1Q24
Wynn Macau saw a 66.4 percent surge in its operating revenues during the first quarter of the year, on a yearly basis, hitting nearly $1 billion, far overshadowing its other segments.
Global expansion of illegal horse racing betting platform Citibet a threat to the sport’s integrity: ARF Council
Illegal horse racing betting exchange Citibet has significantly expanded its potential market through technological advancements, enabling its presence on thousands of third-party illegal betting websites worldwide and exacerbating corruption and money laundering risks, a report by the Asian Racing Federation Council (ARF) shows.
Macau hotel occupancy hit 89% during Labor Day holiday
Macau's hotel occupancy rates reached 89.2 percent during the five-day Labor Day holiday, up by 4.5 percentage points year-on-year, according to information from the Macao Government Tourism Office (MGTO).
Crown Resorts’ CEO “always extremely confident” in retaining casino licenses
Crown Resorts’ CEO told AGB that he had little doubt that the group would be found suitable to maintain its casino licenses in both Sydney and Melbourne, but that the process was much more intense than anticipated, and oversight is unlikely to let up.
